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RHDF

RHDF. Russian Housing Development Foundation. Established by the Government of the Russian Federation. RHDF. Russian Housing Development Foundation. Established by the Government of the Russian Federation. Achievement of high profits at the minimum risks. 1. ABOUT RHDF .

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RHDF

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  1. RHDF Russian Housing Development Foundation Established by the Government of the Russian Federation

  2. RHDF Russian Housing Development Foundation Established by the Government of the Russian Federation Achievement of high profits at the minimum risks 1

  3. ABOUT RHDF • The Russian Housing Development Foundation (RHDF) was established in accordance with the State Law On Facilitation of Housing Construction Development (№161 dated July 24, 2008). • RHDF is a non-commercial organization with the federal status. • The main goal of RHDF as a development institution is to create a comfortable living environment for people and society by assisting in: • further development of housing construction and urban planning; • development of transport and utilities infrastructure and social infrastructure; • production of construction materials and components; • establishment of industrial parks, technology parks and business incubators. 2

  4. OBJECTIVES AND STRATEGIC PRIORITIES • In accordance with the law RHDF has received the right to utilize currently ineffectively used federal lands and bring them into the market. • In accordance with the RHDF Strategy for 2010-2014, as of 2012 RHDF will be the main provider of lands for residential construction purposes in the Russian Federation. • The main two strategic priorities of our work is to stimulate: • housing construction, especially low-rise construction of affordable housing; • production of modern construction materials, components and equipment. 3

  5. SIX KEY REASONS TO DO BUSINESS IN RUSSIA IN PARTNERSHIP WITH RHDF • Favorable housing market conditions in Russia • Availability of land plots in attractive locations • Strong government support through RHDF • High rates of return on investment in projects implemented in partnership with RHDF • Low-rise residential development is the top priority for RHDF • Excellent opportunities for production of construction materials in Russia 4

  6. FAVORABLE HOUSING MARKET CONDITIONS IN RUSSIA • Housing demand • Based on the results of 2010 RHDF market research, about 60% of the Russian households want to improve their housing conditions in 2011 – 2015. That equals to around 2,200 million square meters of all types of housing 5

  7. FAVORABLE HOUSING MARKET CONDITIONS IN RUSSIA • Effective housing demand • In 2011-2015 about 10% of households (3,3 million households) wishing to improve their housing conditions shall have an effective demand for all types and classes of housing with total living space of 239 million square meters. • With 3-year period the effective demand is estimated reach 137,9 million square meters. About 69% of the overall volume (93 million square meters) is the affordable housing. 6

  8. FAVORABLE HOUSING MARKET CONDITIONS IN RUSSIA • Structure of effective demand for housing • It is estimated that in the next 5 years the share of low-rise affordable housing shall be more than 35% of the overall effective demand. In 2011 the effective demand for low-rise affordable housing could reach 9,6 million sq. meters. • Shifting demand from the secondary housing market • One of the main conditions that allows to shift about 40% of demand from the secondary market to the primary affordable housing market is to provide housing with interior design and household appliances that allows families to quickly move to the new houses 7

  9. AVAILABILITY OF LAND PLOTS IN ATTRACTIVE LOCATIONS • In accordance with the State Law On Facilitation of Housing Construction Development RHDF has the right to take land plots away from the state organizations which don’t use them effectively and sell these land plots at the open auctions. • In most cases these land plots are located in very favorable locations within and outside of cities. • RHDF provides a number of additional services to ensure that all land acquisition deals are legal, transparent and attractive to the auction participants. Kirov Region The project “Solnechnybereg” in the city of Kirov is realized on the land plot of RHDF • RHDF land plots that have been provided (being provided) for development by the beginning of 2011 (66 land plots in 19 Russian regions with the total area of 1657,8 ha). • The overall amount of land plots that have been provided by RHDF in Russia (280 land plots in 48 Russian regions with the total area of 7452,17 ha). Chuvashia Republic Building of “Universitetsky-2” micro district on the land plot of RHDF Kursk Building of “Kursk” realized on the lend plot of RHDF Tumen The project in the city of Tumen is realized on the lend plot of RHDF Vladivostok 8

  10. THE MARKETING PLAN OF PROVIDING LAND PLOTS IN ACCORDANCE WITH THE RHDF 2010­-2014 STRATEGY 9

  11. THE PRINCIPLES OF RHDF WORK SIGNING OF THE ACTION PLAN WITH THE HEAD OF THE CONSTITUENT TERRITORY OF THE RUSSIAN FEDERATION SCHEDULE OF AUCTIONS AUCTION ASSISTANCE IN DEVELOPMENT OF URBAN PLANNING AND DESIGN DOCUMENTS DEMAND ENHANCEMENT SIGNING OF AGREEMENT SUPPURT IN TERMS OF CONNECTING TO ENGINEERING INFRASTRUCTURE SUPPORT IN TERMS OF ACCESS TO FINANCIAL RESOURCES MONITORING OF PROJECT IMPLEMENTATION 10

  12. STRONG GOVERNMENT SUPPORT PROVIDED BY RHDF SUPPORT FOR INVESTORS GUARANTEE OF OBLIGATION FULFILLMENT WORK IN ALL REGIONS OF RUSSIA RHDF IS A GUARANTOR OF ANY LAND DEALS RUSSIAN HOUSING DEVELOPMENT FOUNDATION REMOVAL OF ADMINISTRATIVE BARRIERS, INTERACTION WITH REGIONAL AND LOCAL AUTHORITIES DURING IMPLEMENTATION OF PROJECTS FINANCING SUPPORT, PROVISION OF FUNDING THROUGH ARRANGEMENTS WITH FINANCIAL INSTITUTIONS 11

  13. INTERACTION WITH THE AUCTION WINNERS DURING PROJECT DEVELOPMENT PHASE 12

  14. HIGH RATES OF RETURN ON INVESTMENT IN THE PROJECTS IMPLEMENTED IN PARTNERSHIP WITH RHDF • Vladivostok, Patrokl project: • The land area is 162 ha; • Lease period is 9 years. • The maximum period for housing development and construction of engineering infrastructure facilities is 8 years; • The initial auction price of the land plot is $903 225; • Lease for the first year is $12 808 per 1 ha; • Lease for the following years is $25 617 per 1 ha per year; • Living space is 420,000 m2; • IRR – 24% • Cheboksaruy project: • The land area is 6,3 ha; • Lease period is 5 years. • The maximum period for housing development and construction of engineering infrastructure facilities is 5 years; • The initial auction price of the land plot is $69 032 ; • Lease for the first year is $13 661 per 1 ha; • Lease for the following years is $30 742 per 1 ha per year; • Living space is 86,400 m2; • IRR – 30% • Kursk project: • The land area is 26,9 ha; • Lease period is 9 years. • The maximum period for housing development and construction of engineering infrastructure facilities is 8 years; • The initial auction price of the land plot is $480 645; • Lease for the first year is $23 268 per 1 ha; • Lease for the following years is $49 860 per 1 ha per year; • Living space is 282,320 m2; • IRR – 20% • Kirov project: • The land area is16,3 ha; • Lease period is 8 years. • The maximum period for housing development and construction of engineering infrastructure facilities is 8 years; • The initial auction price of the land plot is $1 774 193; • Lease for the first year is $10 926 per 1 ha; • Lease for the following years is $23 415 per 1 ha per year; • Living space is 139,618 m2; • IRR – 31% 13

  15. LOW-RISE RESIDENTIAL DEVELOPMENT IS TOP PRIORITY FOR RHDF • Current Russian low-rise housing market is characterized by: • • Price range is $400 – $1000 per sq.m.; • • Housing quality is low due to low level of competition and lack of quality control standards; • • Return on investment is up to 50-100 %. • Potential sectors for foreign companies: • • Urban planning and design; • • Engineering design; • • Project management services; • • Residential development; • • Property management. 14

  16. WHAT DOES RHDF OFFER TO POTENTIAL INVESTORS AND DEVELOPERS • Land plots of various sizes in different regions of Russia; • Government support during the entire period of project implementation (no administrative barriers, no corruption risks); • Support terms of connecting to engineering infrastructure; • Support in business planning by using resources of RHDF’s Marketing Information System; • Guaranteed buyout of up to 35% of low-rise affordable housing from the developer. 15

  17. THE PROPOSED MOVEMENT OF LOW-RISE AND HIGH-RISE HOUSING RATIO 16

  18. FAVORABLE CONDITIONS FOR PRODUCTION OF CONSTRUCTION MATERIALS, COMPONENTS AND EQUIPMENT IN RUSSIA • RHDF provides the following support to the producers of modern construction materials, components and equipment in Russia: • Development of flexible terms of payment (depending on construction scenarios) for the auction-purchased land plots to be used for industrial construction; • Assistance in the development of industrial areas through construction of new utilities and transport infrastructures; • Promotion of construction materials, components and equipment produced in Russia. 17

  19. RHDF LANDPLOTS TO BE PUT UP FOR AUCTIONS IN 2011 • Russian regions • 16. Karelia Republic • 17. Tatarstan Republic • 18. Repubic of Khakassy • 19. Rostovskaya oblast • 20. Saint-Petersburg • 21. Saratovskaya oblast • 22. Sakhalinskaya oblast • 23. Sverdlovskaya oblast • 24. StavropolskyKrai • 25. Tomskaya oblast • 26. Tumenskaya oblast • 27. Republic of Udmurtiy • 28. Ulyanovskaya oblast • 29. Chelyabinskaya oblast • 30. Yamalo-Nenetski Autonomous District 1. Bryanskaya oblast 2. Volgogradskayaobast 3. Irkutskaya oblast 4. Kaluzhskaya oblast 5. Krasnodarskikrai 6. Krasnoyarskikrai 7. Leningradskaya oblast 8. Lipetskaya oblast 9. Moscow 10. Moscovskaya oblast 11. Novgorodskaya oblast 12. Novosibirskaya oblast 13. Permskikrai 14. Altai Republic 15. Komi Republic 18

  20. THE RHDF SUPERVIORY BOARD MEMBERS Martin Shakkum Chairman of the State Duma Committee on Construction and Land Affairs Alexander Zhukov Deputy Prime Minister of the Russian Federation (Trusteeship Council Chairman) Andrei Ivanov Director of the Department of the Ministry of Finance of the Russian Federation Elvira Nabiullina Minister of Economic Development of the Russian Federation (Trusteeship Council Deputy Chair) Maxim Sokolov Director of the Department of Industry and Infrastructure of the Government of the Russian Federation ArkadyDvorkovich Aide to President of the Russian Federation(Trusteeship Council Deputy Chairman) Svetlana Orlova Deputy Chairman of the Federation Councilof the Federal Assembly of theRussian Federation Alexander Braverman Director General of the Russian HousingDevelopment Foundation Gennady Bin’ko Deputy Director General of InterregionalDistribution Grid Company Holding Vladimir Dmitriev Chairman of Bank of development and Foreign Economic Affairs (VNESHECONOMBANK) State Corporation Viktor Basargin Minister of Regional Development of theRussian Federation (Trusteeship Council Deputy Chairman) 19

  21. OUR PARTNERS STATE CORPORATIONS AUTHORITIES Federal Service for State Registration, Land Registry and Mapping Federal Service of Financial and Budget Oversight The Housing and Public Utilities Reform Assistance Foundation Bank for Development and Foreign Economic Affairs (VNESHECONOMBANK) Accounts Chamber of the Russian Federation BANKS AND FINANCIAL INSTITUTIONS Federal Agency for State Property Management Ministry of Energy of the Russian Federation JSC Saving Bank of the Russian Federation OAO Agency for Housing Mortgage Lending NON-COMMERCIAL ORGANIZATIONS NATURAL MONOPOLIES JSC InerregionalDistribution Grid Company Holding JSC Federal Grid Company of Unified Energy System of Russia (FSK EES) National Agency for Low-Rise and Cluster Housing NPO (NAMIKS) JSC Gazprom 20

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